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  • Well, well, well ? there must have been a few wooly heads in the MTN market yesterday afternoon when many of you received that little parcel of farmyard fun.
  • The mezzanine tranche on the £1.75bn acquisition of the UK?s Automobile Association (AA) promises to be the largest such deal yet at a size of £300m-£400m.
  • EuroWeek has learned that LeasePlan Corp, the Netherlands-based car fleet management and leasing company, is set to make its loan market debut with a deal worth up to Eu2bn. The deal will provide a welcome new money loan in a market dominated by refinancings.
  • EuroWeek has learned that LeasePlan Corp, the Netherlands-based car fleet management and leasing company, is set to make its loan market debut with a deal worth up to Eu2bn. The deal will provide a welcome new money loan in a market dominated by refinancings.
  • Missing persons reports have been filed for those members of the loan market?s banking community who attended last Monday?s SARB loan signing.
  • Ford Motor Credit?s bonds received another technical boost this week when the firm announced it was cutting its 2004 bond issuance plan for the second time this year.
  • IT consultant LogicaCMG has signed banks into its £330m five year term loan, increased from £250m at launch. Barclays Capital and HSBC are the bookrunners. ABN Amro, ING and JP Morgan are also mandated lead arrangers.
  • Syndication of Wynn Resorts (Macau)?s $400m equivalent seven and three year project financing has been extended for another week as banks process their approvals. Deutsche Bank and SG Asia are arranging the deal and parent company Wynn Resorts is providing a guarantee.
  • SG CIB has won the role of sole lead manager on the acquisition and refinancing facility for mobile roaming billing company Mach. The company is buying Danish data communications company Dan Net and the Eu215m in senior debt will fund the acquisition as well as refinance debt from when Advent International and Provident Equity Partners purchased Mach.
  • Is Brady Dougan making a flying start in his new role as chief executive of Credit Suisse First Boston in New York? Four months ago, Brady?s career at CSFB looked washed up. Former CEO, John Mack had given him a book of first class airline tickets and commanded: ?Go east, young man, and bring us multiple mandates.? Of course, this was anathema to Brady Dougan, who didn?t feel comfortable anywhere east of Manhattan. Europe was a spooky place with people who spoke in strange dialects and who didn?t know a single rule of baseball. But he dutifully went to Europe, where he intelligently schmoozed his old pal, Ossie Grübel of Credit Suisse in Zürich and explained that his life under John Mack hadn?t been a bed of roses. Did Brady win any mandates for CSFB while he was briefly in Europe? Not as far as we know, but we would be pleased to be corrected.